Credit Limits Audit Work Program

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This work program focuses on the credit process. Its objectives are to verify whether the credit limits are properly approved and the terms of the credits in the subsidiary records agree to the documentation.

Audit steps include: discuss nature and scope of audit with key ABC personnel; discuss timing with key management; schedule timing with auditee; finalize audit program; schedule staffing as appropriate; create summary scorecard for each process reviewed; using the standard report template, create the internal audit report (including a compilation of findings resulting from the work performed); and publish final report and distribute.

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